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Connor, Clark & Lunn Global Financials Fund II Announcement

TORONTO, Oct. 30 /CNW/ - Connor, Clark & Lunn Global Financials Fund II (the "Fund") today announces that Henderson Plc, the Investment Manager of the Fund, has advised the Fund that Guy de Blonay has resigned from the firm. Emily Adderson, previously assistant fund manager, has taken over Mr. de Blonay's portfolio management responsibilities including responsibility for the Fund. Ms. Adderson has spent the last three and a half years working alongside Mr. de Blonay and is therefore best positioned to assume management of the mandate. Ms. Adderson will utilize the strong network of brokers and research specialists she has built to help her identify attractive investments while continuing to be supported by Henderson's wide resource function and financial sector specialists within the equity, credit and real estate teams.

With over $100 billion in assets under management, Henderson has an extensive portfolio management team that will continue to provide support to Ms. Adderson. Each regional equity team within the group has financial sector specialists and the firm has two credit analysts who specialize in financial stocks and can provide a valuable alternative perspective on the financial strength of a company.

The Fund does not anticipate any changes in the investment style and approach given Ms. Adderson's long working relationship with Mr. de Blonay. Henderson is confident that Ms. Adderson will continue to build on its strong relative long-term track record.